VVO.TO vs. FINN.NEO
VVO.TO (Vanguard Global Minimum Volatility ETF) and FINN.NEO (Fidelity Global Innovators ETF) are both Global Equities funds. VVO.TO is passively managed, while FINN.NEO is actively managed. Over the past 3 years, VVO.TO returned 11.65%/yr vs 40.06%/yr for FINN.NEO. At a 0.20 correlation, their price movements are largely independent. VVO.TO charges 0.39%/yr vs 1.09%/yr for FINN.NEO.
Performance
VVO.TO vs. FINN.NEO - Performance Comparison
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Returns By Period
In the year-to-date period, VVO.TO achieves a 7.68% return, which is significantly lower than FINN.NEO's 35.77% return.
VVO.TO
- 1D
- -0.09%
- 1M
- 0.76%
- 6M
- 5.53%
- YTD
- 7.68%
- 1Y
- 10.69%
- 3Y*
- 11.65%
- 5Y*
- 6.53%
- 10Y*
- 6.93%
FINN.NEO
- 1D
- -1.71%
- 1M
- -3.34%
- 6M
- 28.06%
- YTD
- 35.77%
- 1Y
- 49.48%
- 3Y*
- 40.06%
- 5Y*
- —
- 10Y*
- —
VVO.TO vs. FINN.NEO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
VVO.TO Vanguard Global Minimum Volatility ETF | 7.68% | 9.74% | 13.56% | 4.87% |
FINN.NEO Fidelity Global Innovators ETF | 35.77% | 20.61% | 58.65% | 21.40% |
Correlation
The correlation between VVO.TO and FINN.NEO is 0.15, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.15 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.20 |
Correlation (All Time) Calculated using the full available price history since May 19, 2023 | 0.20 |
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Return for Risk
VVO.TO vs. FINN.NEO — Risk / Return Rank
VVO.TO
FINN.NEO
VVO.TO vs. FINN.NEO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard Global Minimum Volatility ETF (VVO.TO) and Fidelity Global Innovators ETF (FINN.NEO). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| VVO.TO | FINN.NEO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.62 | ||
| Sortino ratioReturn per unit of downside risk | -0.66 | ||
| Omega ratioGain probability vs. loss probability | 1.26 | 1.36 | -0.10 |
| Calmar ratioReturn relative to maximum drawdown | 1.66 | 4.16 | -2.50 |
| Martin ratioReturn relative to average drawdown | 6.10 | 12.96 | -6.86 |
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Drawdowns
VVO.TO vs. FINN.NEO - Drawdown Comparison
The maximum VVO.TO drawdown since its inception was -33.20%, which is greater than FINN.NEO's maximum drawdown of -25.66%. Use the drawdown chart below to compare losses from any high point for VVO.TO and FINN.NEO.
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Drawdown Indicators
| VVO.TO | FINN.NEO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -33.20% | -25.66% | -7.54% |
Max Drawdown (1Y)Largest decline over 1 year | -6.47% | -11.94% | +5.47% |
Max Drawdown (3Y)Largest decline over 3 years | -6.98% | -25.66% | +18.68% |
Max Drawdown (5Y)Largest decline over 5 years | -14.37% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -33.20% | — | — |
Current DrawdownCurrent decline from peak | -0.82% | -6.49% | +5.67% |
Average DrawdownAverage peak-to-trough decline | -3.42% | -3.98% | +0.56% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.76% | 3.83% | -2.07% |
Volatility
VVO.TO vs. FINN.NEO - Volatility Comparison
The current volatility for Vanguard Global Minimum Volatility ETF (VVO.TO) is 1.83%, while Fidelity Global Innovators ETF (FINN.NEO) has a volatility of 6.48%. This indicates that VVO.TO experiences smaller price fluctuations and is considered to be less risky than FINN.NEO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| VVO.TO | FINN.NEO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.83% | 6.48% | -4.65% |
Volatility (6M)Calculated over the trailing 6-month period | 6.08% | 20.24% | -14.16% |
Volatility (1Y)Calculated over the trailing 1-year period | 7.76% | 24.76% | -17.00% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 9.80% | 22.40% | -12.60% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 12.00% | 22.40% | -10.40% |
VVO.TO vs. FINN.NEO - Expense Ratio Comparison
VVO.TO has a 0.39% expense ratio, which is lower than FINN.NEO's 1.09% expense ratio.
Dividends
VVO.TO vs. FINN.NEO - Dividend Comparison
VVO.TO's dividend yield for the trailing twelve months is around 1.98%, while FINN.NEO has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
FINN.NEO Fidelity Global Innovators ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
VVO.TO Vanguard Global Minimum Volatility ETF | 1.98% | 2.13% | 2.05% | 2.68% | 1.56% | 2.30% | 2.23% | 2.22% | 1.87% | 2.07% | 0.71% |
Frequently Asked Questions
VVO.TO and FINN.NEO have a correlation of 0.15, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, VVO.TO is cheaper at 0.39% per year. The better choice depends on whether you care most about return, fees, risk, or income.
VVO.TO is cheaper with a 0.39% expense ratio, compared with 1.09% for FINN.NEO.
They also come from different issuers: Vanguard and Fidelity. Their fees differ too: 0.39% for VVO.TO and 1.09% for FINN.NEO.
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